(February 27, 2010) CLEVELAND — Ford Motor Company is investing $155 million and adding 60 jobs at its Cleveland operations to build a new fuel-efficient V-6 engine for the 2011 Mustang, which has expected class-leading highway fuel efficiency of 30 miles per gallon on the highway and 305 horsepower.
 
The investment and jobs at Ford’s Cleveland Engine Plant No. 1 brings the company’s investment in powertrain engineering and facility upgrades in North America to $1.8 billion to support its 2011 vehicle launches – with more to come. The total number of jobs being added as part of these investments is 1,260. The new Mustang engine is one of nine new or upgraded engines or transmissions for 2011 model Ford, Lincoln and Mercury vehicles.
 
“Ford is absolutely committed to delivering class-leading fuel efficiency with every new vehicle we introduce, and this investment in Cleveland provides further proof,” said Bill Russo, director of manufacturing for Ford’s powertrain operations.
 
On sale this spring, the 2011 Ford Mustang delivers 305 high-performance horses for V-6 coupe buyers.  The all-aluminum dual-overhead cam (DOHC), 3.7-liter Duratec 24-valve V-6 engine delivers a projected 30 mpg on the highway with a six-speed automatic transmission and fun for drivers on nearly every road.